Nayib Bukele Supports Elon Musk’s Plan of Buying Twitter

Various analysts remain concerned about the distractions Twitter would present for Musk. According to them, the billionaire's electric car manufacturing company will suffer as he could be selling even more of his Tesla stake while shifting his focus to another company.

Meanwhile, the Tesla CEO already finds himself in battles with regulators that tend to be public and messy. Even intellectuals and mainstream media have recently taken up to criticizing Musk over which direction the social media platform be headed if he indeed gets to buy the entire Twitter company.

Nayib Bukele Sides With Elon Musk and His Twitter Plans

Supporting Elon Musk over the “entire system going after him” was President of El Salvador Nayib Bukele. According to him, everyone “interested in the future of humanity” should be supportive of him and his plans for the social media company.

Perhaps Bukele’s support and encouragement to Musk comes from the fact that he at once had to face similar reproval after adopting the Bitcoin (BTC) standard which caused a big stir in the financial world.

For instance, the International Monetary Fund (IMF) criticized Bukele's move to adopt Bitcoin as legal tender in June last year. Similarly, Andrew Bailey, governor of the Bank of England while speaking at the University of Cambridge Students’ Union expressed his concerns over El Salvador’s decision to use Bitcoin as a currency.

Nonetheless, Bukele fired back at his critics, pointing out that while the rest of the world regarded El Salvador as a “Bitcoin experiment,” it was transforming its economy with Bitcoin mass adoption. Bukele also claimed that when fiat is no longer a factor compared to BTC’s dominance, El Salvador will be leading the frontiers that started the real revolution.